Itron (MIL:1ITRI) E10: €1.20 (As of Jun. 2026)

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Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MIL:1ITRI Itron Inc MIL:1ITRI
48 GF Score
Price €82.16
GF Value €85.89
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Itron E10?

Itron MIL:1ITRI 48 E10 is €1.20 as of Jun. 2026. GuruFocus rates MIL:1ITRI with a GF Score™ of 48/100 and a GF Value™ of €85.89 (Fairly Valued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Itron's adjusted earnings per share data for the three months ended in Jun. 2026 was €1.027. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.20 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Itron's average E10 Growth Rate was 47.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Itron was 66.50% per year. The lowest was -69.20% per year. And the median was -1.80% per year.

As of today (2026-09-15), Itron's current stock price is €82.16. Itron's E10 for the quarter that ended in Jun. 2026 was €1.20. Itron's Shiller PE Ratio of today is 68.75.

During the past 13 years, the highest Shiller PE Ratio of Itron was 1825.67. The lowest was 64.94. And the median was 156.13.


Itron  (MIL:1ITRI) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Itron's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=82.16/1.195
=68.75

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of Itron was 1825.67. The lowest was 64.94. And the median was 156.13.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Itron E10 Related Terms


Itron E10 Historical Data

* Premium members only.

The historical data trend for Itron's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Itron E10 Chart

Itron Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.28 -0.59 -0.04 0.50 1.05

Itron Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.81 0.90 1.06 1.14 1.20

MIL:1ITRI vs VNT, BMI, NOVT: E10 Comparison

For the Scientific & Technical Instruments subindustry, Itron's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Itron Shiller PE Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Itron's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Itron's Shiller PE Ratio falls into.


MIL:1ITRI
48GF Score
Itron Inc MIL:1ITRI
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Itron E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Itron's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.0271/333.9520*333.9520
=1.027

Current CPI (Jun. 2026) = 333.9520.

Itron Quarterly Data

per share eps CPI Adj_EPS
201609 -0.233 241.428 -0.322
201612 0.278 241.432 0.385
201703 0.379 243.801 0.519
201706 0.326 244.955 0.444
201709 0.552 246.819 0.747
201712 0.038 246.524 0.052
201803 -3.043 249.554 -4.073
201806 0.056 251.989 0.074
201809 0.428 252.439 0.567
201812 0.525 251.233 0.697
201903 -0.042 254.202 -0.056
201906 0.436 256.143 0.569
201909 0.380 256.759 0.494
201912 0.328 256.974 0.426
202003 0.195 258.115 0.252
202006 -1.418 257.797 -1.837
202009 -0.538 260.280 -0.691
202012 0.443 260.474 0.568
202103 0.249 264.877 0.314
202106 -0.609 271.696 -0.749
202109 -0.035 274.310 -0.043
202112 -1.138 278.802 -1.363
202203 0.018 287.504 0.021
202206 -0.770 296.311 -0.867
202209 0.090 296.808 0.101
202212 0.480 296.797 0.540
202303 -0.244 301.836 -0.270
202306 0.489 305.109 0.536
202309 0.804 307.789 0.872
202312 0.897 306.746 0.976
202403 1.028 312.332 1.099
202406 1.025 314.175 1.089
202409 1.548 315.301 1.640
202412 1.183 315.605 1.252
202503 1.347 319.799 1.407
202506 1.300 322.561 1.346
202509 1.203 324.800 1.237
202512 1.895 324.054 1.953
202603 1.005 330.213 1.016
202606 1.027 333.952 1.027

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of €1.20 mean?
Itron (MIL:1ITRI) has a E10 of €1.20 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Itron and its competitors.
Is Itron's E10 too high?
Itron's current E10 is €1.20. Overall, Itron has a GF Score™ of 48/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Itron's E10 compare to VNT and BMI?
Itron's E10 of €1.20 can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Hardware company?
A good E10 depends on the Hardware industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Itron and its competitors. Itron's current E10 is €1.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Itron stock overvalued right now?
Based on GuruFocus' analysis, Itron (MIL:1ITRI) is currently considered Fairly Valued. The stock's GF Value™ is €85.89, compared to a current price of €82.16 — trading 4.3% below its estimated fair value. The current E10 is €1.20. Itron's overall GF Score™ is 48/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Itron (MIL:1ITRI), the current E10 is €1.20 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Itron (MIL:1ITRI) Overvalued in 2026?

Based on GuruFocus' analysis, Itron stock appears to be undervalued. The current stock price of €82.16 is trading 4.3% below its estimated GF Value™ of €85.89. GuruFocus considers Itron to be Fairly Valued.

Key valuation signals for MIL:1ITRI:

  • E10: €1.20
  • GF Value™: €85.89 vs. price of €82.16 (4.3% below fair value)
  • GF Score™: 48/100 with 3 warning signs

No single metric tells the full story. See the MIL:1ITRI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Itron Business Description

Other Exchanges ITRI:USAIT6:Germany
Address 2111 North Molter Road, Liberty Lake, WA, USA, 99019
Itron Inc provides solutions that measure, manage, and analyze energy and water use. The company offers grid edge intelligence, energy and water management, smart city applications, Industrial Internet of Things (IIoT), and critical infrastructure and related services. It operates under the Itron brand and has four reportable segments: Device Solutions, Networked Solutions, Resiliency Solutions, and Outcomes. Key revenue is generated from the Networked Solutions segment, which includes a combination of communicating endpoints (e.g., smart meters, modules, endpoints, and sensors), network infrastructure, network design services, and associated headend management and application software designed and sold as a complete solution for acquiring and transporting robust application-specific data.
48GF Score

Get the complete analysis for MIL:1ITRI

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€82.16
Price
€85.89
GF Value